Consumer Bankers Association Statement on FDIC Quarterly Banking Profile

WASHINGTON, Dec. 3 -- The Consumer Bankers Association issued the following statement:

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Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the Federal Deposit Insurance Corporation's quarterly banking profile:

"The FDIC's third quarter report revealed strong capital levels and historically low problem bank numbers, a testament to the industry's efforts to build a solid, resilient foundation able to withstand major economic headwinds.

"The banking system has remained a source of strength for consumers and small business during the pandemic, making decades worth of small business loans in the past few months and proactively working to help consumers in need.

"CBA will continue working with regulators and the industry to ensure balanced policies."